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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 1,038,346 $ 985,941
Short-term investments 1,180,110 601,535
Accounts receivable, net 32,341 28,049
Acquired card receivables, net of allowances of $15,020 and $20,883 as of June 30, 2025 and 2024, respectively 685,108 697,216
Prepaid expenses and other current assets 258,418 297,169
Funds held for customers 4,044,470 3,704,907
Total current assets 7,238,793 6,314,817
Non-current assets:    
Operating lease right-of-use assets, net 56,086 59,414
Property and equipment, net 116,611 88,034
Intangible assets, net 222,805 281,471
Goodwill 2,396,509 2,396,509
Other assets 33,178 38,568
Total assets 10,063,982 9,178,813
Current liabilities:    
Accounts payable 16,293 7,447
Accrued compensation and benefits 39,581 34,158
Deferred revenue 22,435 17,006
Other accruals and current liabilities 252,455 299,506
Borrowings from credit facilities, net 180,005 0
Convertible senior notes, net 33,421 0
Customer fund deposits 4,044,470 3,704,907
Total current liabilities 4,588,660 4,063,024
Non-current liabilities:    
Deferred revenue 285 4,167
Operating lease liabilities 58,372 62,847
Borrowings from credit facilities, net 0 180,009
Convertible senior notes, net 1,501,044 733,991
Other long-term liabilities 1,581 574
Total liabilities 6,149,942 5,044,612
Commitments and contingencies (Note 14)
Stockholders' equity:    
Preferred stock: $0.00001 par value per share; 10,000 shares authorized; none issued and outstanding 0 0
Common stock; $0.00001 par value per share; 500,000 shares authorized; 103,012 and 106,646 shares issued and outstanding at June 30, 2025 and 2024, respectively 2 2
Additional paid-in capital 5,414,645 5,233,037
Accumulated other comprehensive income (loss) 10,197 (1,890)
Accumulated deficit (1,510,804) (1,096,948)
Total stockholders' equity 3,914,040 4,134,201
Total liabilities and stockholders' equity $ 10,063,982 $ 9,178,813